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Thursday, March 8, 2012

Another solar gone belly up?

Or should we say, dark?
This time, Abound Solar in Colorado? From Complete Colorado;
Another document outlines the 2012 goals for "The Next Great Solar Company" and specifically states that where cash management is concerned, the company should "stretch payables," meaning Abound would be attempting to pay their bills at the last possible moment, or perhaps would be agreeing to repay vendors through smaller installment payments that include interest or small penalties. One inference that could be drawn from the "stretch payables" strategy would be that the company is not cash heavy and/or that cash flows are poor.
Full story here. 

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